Replies to post #8756 on Petaquilla Minerals Ltd. (fka PTQMF)

[TheRealDEEX]

Here's the translation from google:

Spanish to English translation

Esquivel Dear Licensed:

Duly authorized and instructed by the Government of the Republic of Panama to inform you that the recent repeal of Act 8 of 2011, which modernized the Code of Mineral Resources, affects NO contracts or concessions granted to companies developing metal mining projects and no metal in the Republic of Panama.

All concession contracts and contract law governing the relationship with national and international mining companies established in the country until his term will be respected legal. The National Government shall guarantee the legal stability that should allow the normal development of the operations of these companies. The mining sector in Panama continues regulated by the Code of Mineral Resources and, where applicable, for contracts approved by the State Law and all mining projects in process will be respected and supported in accordance with the laws applicable.
The Government reiterates that will enforce the commitments not to allow development of metallic and nonmetallic mining in any area native, and currently there is no metallic mining project in development in any region.


With samples of consideration and appreciation, I remain,

attentively,

Roberto C. Henriquez
Minister of Commerce and Industrial